You have missed tax credits - for a single person that's Personal and Employee tax credits (1650 + 1650) that are deducted from the gross tax to calculate the net tax due - so from the 12,900 for the year you deduct the 3,300 tax credits - and actually pay 9,600 in the year. These credits are given at the start of the employment to the employer (and each new tax year you stay with them afterwards), who calculate and deduct the tax for you - and should be made clear at the start of the video. (If you have multiple employments the credits can be divided between them etc....)
@@AMEditionYT Its being kind of a switch around for me, things that used to be problems where I lived are now OK, but new things just come up don't they
@@AMEditionYT been here for about 7 months really hope it doesn't take a year or 2 xD it's not that it's bad but I do miss feeling more in control in social situations for instance, for some reason I lost a lot of that in the move
@@MADKOALA it's normal when you move to a totally different culture. It takes time to learn it, to understand the sense of humor and the meaning of certain phrases. 😊 but it will come with time! I'm here for almost 4 years and I'm still learning
Hi! I have another video where I developed the taxes topic a bit more. It will add more information to this video: th-cam.com/video/eqfiOaPxS_w/w-d-xo.html P.S.: I am not a qualified financial advisor and these videos are just based on my own research. Please consult with a qualified expert or do your own research before making any financial decisions.
You didn't mention anything about tax credits. so all your calculations are wrong. Second you didn't mention anything about USC. Please remove your video and stop misguiding people.
Yep, like most of the other videos deliberately misleading. You'd think after going through the effort of making a video it would at least be factual. Same with stating not many people earn 50k. CSO reports average salary is 48k
Great video ! Thank for the information but I’d like to clarify 1 thing. I’ll be self employed soon and if I don’t make more than 13K I don’t have to pay any tax at all ? Do I need to let the revenue know how much I made ? Thank you xx
Hi! Yeah, you will need to provide a report of much you make to the revenue to make everything legal, but as I wasn't self employed I can't give you the right information sorry. Will be better if you check it online on citizen information or with an accountant. :)
All income must be declared in Ireland and in all other E U countries regardless of source. If not you invite the Crimond Assets Bureau to visit your affairs. They do not ask where you got your money. They just take it with High Court Writ. You then must prove that all your assets Including watches housed jewellery stocks and bonds property are not proceeds of crime. They were created after a criminal claimed over over 5 million euro from police after being found not not guilty of a bank robbery. Hit them in the pocket it works.
I can say you're right. It does not have the highest tax in Europe, but it's still difficult to see so much taxes esp. for me coming from a country with a flat tax rate.
@@AMEditionYT since Ireland takes high taxes so is education and healthcare free in Ireland and do they provide social security benefits like unemployment benefits etc like other European countries do???
Education is not free but it's affordable. Health care is free only if you earn the minimum per economy. If you earn a bit more money you need to pay €50 to visit one doctor. And here are all the necessary social benefits in case you can't find a job or have a child 😊
Hi I am a student studying tax as a module in college. Rent is taxed at 20% and you can deduct expenses on the property such as furniture at 12.5% over 8 years. I am not expert please do your own research on revenue.ie
Hi Anna , I have read that we have to pay taxes only if we are earning more than 18000 euro in Ireland annually. Instead of 12000 @ 20 Percent you have mentioned. That means there is an excemption upto 18000/- euro for single person and 36000/- euro for married couple. After this 18000/- euro they will charge you the income tax @ 48 percent. Is this correct??
Hi! Interesting. where did you read it? Was that an official source? All the taxes that I have mentioned in the video are correct for the year 2020. This will change a bit in 2021. I personally haven't heard of any tax changes in Ireland :)
@@AMEditionYT www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/marital-and-civil-status/exemption-and-marginal-relief/exemption-limits.aspx May be I understood it in a wrong way.. please advice, as you are a person living there, knows better than me.
So if you earn more than 12,000 euro you will still need to pay the the USC tax which is about 0.5%. But looks like 18,000 are exempt only from the IT (income tax).
You pay the USC if your gross income is more than €13,000 per year @.5 percent. I think, this USC tax is additional to income tax that we have to pay. This exempted if you are a medical card holder ......... You do not pay the Universal Social Charge if your total income for a year is €13,000 or less. (If you are aged 70 or over or a medical card holder aged under 70 and your aggregate income for the year is €60,000 or less, you pay a reduced rate of USC.) www.citizensinformation.ie/en/money_and_tax/tax/income_tax/universal_social_charge.html
@@binoybeen Whatever is written there should be true :) I personally can't survive on 18,000 euro per year and I don't focus too much on that! :) As long as it's an official source, it should be true :)
Dear Lovely Anamaria please tell me about when you are go to Koldova on a flight aeroplane can you bring the cash money in euros in your wallet purse and how much thousands euros cash allowed in air travel from Ireland to Moldova or Ireland to other countries
I really like your sincere response take care and please when sun will arise i mean sunny day then go out and make a Lovely green video green places and local green water in dublin just near your area for me thank you so much pretty Anamaria
I live in Ireland, I wouldnt say it is particularly free, for example freedom of expression is not a thing. Ie if you put up a poster that offends someone the Gardai (Irish Police) can take it down. Very socialist with taxes of 20% on 35500 and 40% on the remaining balance. With 4 % going to Universal Social Charge and 4 to Pay Related Social Insurance, this can get you a free dental checkup and a free test each year.
Hey, this was very useful and interesting.
Glad it was helpful! :)
Such adorable accent and thank you for the information.
You have missed tax credits - for a single person that's Personal and Employee tax credits (1650 + 1650) that are deducted from the gross tax to calculate the net tax due - so from the 12,900 for the year you deduct the 3,300 tax credits - and actually pay 9,600 in the year. These credits are given at the start of the employment to the employer (and each new tax year you stay with them afterwards), who calculate and deduct the tax for you - and should be made clear at the start of the video. (If you have multiple employments the credits can be divided between them etc....)
Yup, in general her videos are misleading, probably deliberately to get views
what is tax credit?
Have been waiting for this. Thank you..
:) Hope it's not too difficult to understand...
I loved your video. I love learning about the life in other countries. I hope ireland reopens soon. Hang in there
Thank you :) The vaccination already started so hopefully Ireland will reopen soon
Thanks Ana-Maria for video. Wait for more video from you!!! Good luck.
Thank you!😊😊😊🥰
Great video, I remember watching your videos before I moved to Dublin, helped me a lot! :) Thanks!
I'm happy I can help!🤩🤩🤩
Hope you move to Dublin was successful and everything is okay!😊
@@AMEditionYT Its being kind of a switch around for me, things that used to be problems where I lived are now OK, but new things just come up don't they
totally agree! This happened to probably everyone...and the adaptation period can be really long. I think for me it was about 2 years to fully adapt.
@@AMEditionYT been here for about 7 months really hope it doesn't take a year or 2 xD it's not that it's bad but I do miss feeling more in control in social situations for instance, for some reason I lost a lot of that in the move
@@MADKOALA it's normal when you move to a totally different culture. It takes time to learn it, to understand the sense of humor and the meaning of certain phrases. 😊 but it will come with time!
I'm here for almost 4 years and I'm still learning
Very misleading video, no tax credits, USC or PRSI mentioned.
Just awesome and helpful. Thank you😍
I'm happy it was helpful 😊
Hi! I have another video where I developed the taxes topic a bit more. It will add more information to this video: th-cam.com/video/eqfiOaPxS_w/w-d-xo.html
P.S.: I am not a qualified financial advisor and these videos are just based on my own research. Please consult with a qualified expert or do your own research before making any financial decisions.
Good knowledge!!! I am from USA and the tax bracket is absolutely different. Good to know...
Taxes are so different in different countries! 😊 it's good to know about taxes as this is something that we do every day!
@@AMEditionYT Thank you for taking the time to explain. Many people will thank you for this in Ireland. Been to Dublin in 2016. Nice city and country.
@@sunnymanoj7 really hope this will be helpful! Hope the global situation gets better soon and then you're very welcome to visit us again!🤩🤩🤩
Finally i found some irish channel
Emergency tax can go up to 60 percent all depends on how soon you get your tax number
Fair video but just deduct credits to give the tax due
You didn't mention anything about tax credits. so all your calculations are wrong. Second you didn't mention anything about USC. Please remove your video and stop misguiding people.
Of course. I'm going to remove this video right now🤯 thanks a lot for this extremely smart comment.
Yep, like most of the other videos deliberately misleading. You'd think after going through the effort of making a video it would at least be factual.
Same with stating not many people earn 50k. CSO reports average salary is 48k
Great video!!!
Glad you liked it! :)
Very helpful indeed
Glad it was helpful!
Good day. I'm just asking if my hourly wage is €25.5/ hour 8 hours a day 5 days a week how much is the tax? Please answer thanks.
Great video ! Thank for the information but I’d like to clarify 1 thing. I’ll be self employed soon and if I don’t make more than 13K I don’t have to pay any tax at all ? Do I need to let the revenue know how much I made ? Thank you xx
Hi! Yeah, you will need to provide a report of much you make to the revenue to make everything legal, but as I wasn't self employed I can't give you the right information sorry. Will be better if you check it online on citizen information or with an accountant. :)
All income must be declared in Ireland and in all other E U countries regardless of source.
If not you invite the Crimond Assets Bureau to visit your affairs.
They do not ask where you got your money. They just take it with High Court Writ.
You then must prove that all your assets Including watches housed jewellery stocks and bonds property are not proceeds of crime.
They were created after a criminal claimed over over 5 million euro from police after being found not not guilty of a bank robbery.
Hit them in the pocket it works.
Summary of the video is that Ireland is heaven for corporate businesses and hell for salaried individuals
I can say you're right. It does not have the highest tax in Europe, but it's still difficult to see so much taxes esp. for me coming from a country with a flat tax rate.
@@AMEditionYT since Ireland takes high taxes so is education and healthcare free in Ireland and do they provide social security benefits like unemployment benefits etc like other European countries do???
Education is not free but it's affordable. Health care is free only if you earn the minimum per economy. If you earn a bit more money you need to pay €50 to visit one doctor. And here are all the necessary social benefits in case you can't find a job or have a child 😊
Can you do video on Rental Income Tax , how to pay and what registration required for landlord please.Thank u
Hi I am a student studying tax as a module in college. Rent is taxed at 20% and you can deduct expenses on the property such as furniture at 12.5% over 8 years. I am not expert please do your own research on revenue.ie
Hello Anna, how are you dear?
May I know which course you are pursuing and from which college ? Like your videos.
Hi! Thank you :)
I study in TUD and I so Business Management :)
Hi Anna , I have read that we have to pay taxes only if we are earning more than 18000 euro in Ireland annually. Instead of 12000 @ 20 Percent you have mentioned.
That means there is an excemption upto 18000/- euro for single person and 36000/- euro for married couple.
After this 18000/- euro they will charge you the income tax @ 48 percent.
Is this correct??
Hi! Interesting. where did you read it? Was that an official source?
All the taxes that I have mentioned in the video are correct for the year 2020. This will change a bit in 2021.
I personally haven't heard of any tax changes in Ireland :)
@@AMEditionYT www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/marital-and-civil-status/exemption-and-marginal-relief/exemption-limits.aspx
May be I understood it in a wrong way.. please advice, as you are a person living there, knows better than me.
So if you earn more than 12,000 euro you will still need to pay the the USC tax which is about 0.5%. But looks like 18,000 are exempt only from the IT (income tax).
You pay the USC if your gross income is more than €13,000 per year @.5 percent. I think, this USC tax is additional to income tax that we have to pay. This exempted if you are a medical card holder .........
You do not pay the Universal Social Charge if your total income for a year is €13,000 or less. (If you are aged 70 or over or a medical card holder aged under 70 and your aggregate income for the year is €60,000 or less, you pay a reduced rate of USC.)
www.citizensinformation.ie/en/money_and_tax/tax/income_tax/universal_social_charge.html
@@binoybeen Whatever is written there should be true :) I personally can't survive on 18,000 euro per year and I don't focus too much on that! :)
As long as it's an official source, it should be true :)
Great job
How much % money pay for health insurance & pension from salary? Are these services free when pay 20% or 40% taxes ?
What do you mean by balance?
2:20
Hi dear i need some suggestions for Ireland i need some help
Good information
You are lucky you didn't move to Sweden
Is it much worse in Sweden?
I’m in New Jersey and I want to send money to a friend who’s in Ireland and uses Bank of Ireland. I want to know the procedures
Dear Lovely Anamaria please tell me about when you are go to Koldova on a flight aeroplane can you bring the cash money in euros in your wallet purse and how much thousands euros cash allowed in air travel from Ireland to Moldova or Ireland to other countries
As far as I know it's a max of 10,000 euro that you don't need to declare when you move travel :)
Thanks a lot dear
I really like your sincere response take care and please when sun will arise i mean sunny day then go out and make a Lovely green video green places and local green water in dublin just near your area for me thank you so much pretty Anamaria
does the 20% still applies to a married person but the spouse is not in Ireland?
What is tax for students earning through part time jobs? Also is foreign income taxed.
What about single dad ?
Hey, can you make a video on Self employment tax ?
Make a video about local agencies in Ireland for work permit visa..
How much an Architect earns? Kindly make a video on professions salary paid in Ireland...
Wow! I thought that Ireland was the 4th freest country in the world, and that's so many taxes :(
I live in Ireland, I wouldnt say it is particularly free, for example freedom of expression is not a thing. Ie if you put up a poster that offends someone the Gardai (Irish Police) can take it down.
Very socialist with taxes of 20% on 35500 and 40% on the remaining balance. With 4 % going to Universal Social Charge and 4 to Pay Related Social Insurance, this can get you a free dental checkup and a free test each year.
3:28 I'm a little confused. Are you saying €50k per year is a lot or a little?
Hopefully too low, I can’t understand how one would survive like that
28400 you can not live on that move to the USA
Bună Ana, îmi poți recomanda un calculator de taxe mai concret?!
Can students do Uber eats in Ireland?
The web site is www.citizensinformation.ie
Hi Ana,
Could you make a video on getting tax relief on gross income of €42,000?!
Thanks and regards in advance
foarte tare
Multumesc mult :)
You are so beautiful
That sounds like alot of high taxes. I thought the income tax in the Republic of Ireland was one of the lowest in Europe.
Other EU countries have higher income taxed than Ireland.
It probably really depends what we compare with :)
@@AMEditionYT Oh I can just imagine. I have relatives that live in Denmark and they pay astronomical taxes there.
No, your thinking of corporation tax, that's lower. If you're Apple, Starbucks, Facebook or Google etc, you'll pay nearly nothing!😂
You are so cute ... Do you know that 😍😍😍😍😍
Ireland pays people peanuts that's why everyone is on welfare and it's more expensive to live than most other countries